What is it called when two or more firms agree to collaborate on wrongful acts?

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1000776

2026-05-20 13:05

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When two or more firms agree to collaborate on wrongful acts, it is typically referred to as "collusion." This illegal agreement can involve activities such as price-fixing, market allocation, or bid-rigging, which undermine competition and harm consumers. Collusion is often prosecuted under antitrust laws to maintain fair market practices.

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